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Snap-On: 4Q Earnings Snapshot

·1 min read

KENOSHA, Wis. (AP) _ Snap-On Inc. (SNA) on Thursday reported fourth-quarter earnings of $208.9 million.

The Kenosha, Wisconsin-based company said it had net income of $3.82 per share. Earnings, adjusted for restructuring costs, came to $3.84 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.95 per share.

The tool and diagnostic equipment maker posted revenue of $1.07 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $949.2 million.

For the year, the company reported profit of $627 million, or $11.44 per share. Revenue was reported as $3.59 billion.

Snap-On shares have climbed almost 4% since the beginning of the year, while the Standard & Poor's 500 index has increased 2%. The stock has increased nearly 10% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNA at https://www.zacks.com/ap/SNA